Monday, July 7, 2014

Tim Cook is reportedly 'actively' looking to add new directors to the Board

Tim Cook Tax

Profiles on Tim Cook are nothing new these days, as we’ve seen quite a few recently. The latest one from The Wall Street Journal is light on any new details, except for an interesting bit regarding the company’s Board of Directors.

In a new profile of Tim Cook published by The Wall Street Journal, some interesting attention is paid to the eight-member Board of Directors, which hasn’t seen quite a bit of change since Tim Cook took over as CEO of Apple. The only major addition since Cook’s placement at the head of Apple has been Bob Iger, the CEO of Disney.

In the profile, it’s made perfectly clear that one of Cook’s main goals is to add new blood to the Board of Directors.

From the report:

“That includes Apple’s board. According to people familiar with the company, Mr. Cook is actively seeking new directors to add to Apple’s eight-person board, known for its loyalty to Mr. Jobs. Six of the seven outside directors are aged 63 or older. Four of them have served for more than a decade, including two who have been on the board since the late 1990s: former Intuit Corp. INTU -1.50% Chief Executive Bill Campbell and J. Crew Group Inc. Chief Executive Millard S. “Mickey” Drexler.“

With as much change that’s happening at Apple, not only with Cook taking the reigns but with new products soon to be unveiled, and with changes to software implementation, it’s no surprise that Cook would want to add some new faces to the Board of Directors. All eyes will certainly be on any names hinted at being brought on in the future.

[via The Wall Street Journal [1] ]

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  1. ^ The Wall Street Journal (online.wsj.com)

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